Pre-Trading Thoughts

Net foreign direct investment (FDI) inflows to Egypt registered USD8.90 billion in 2022, the highest level since 2011. That’s 74% higher than 2021. The SFE will wait until the end of Ramadan to start taking companies in its pre-IPO fund to market. The SFE has added Salhia Investment and Development Company to the pre-IPO fund. Restaurants, malls, and other commercial spaces will now be open until 2 AM until the end of Ramadan. CCAP is studying increasing the production capacity of ERC by ...